Aditya Birla Sun Life MNC Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life MNC Fund has delivered a 1Y SIP XIRR of 17.32%, ahead of the category average of 14.1%, but its longer-term XIRR lags peers significantly — 10.57% over 10Y versus the category's 16.71%. Against the NIFTY 50, the fund shows a defensive profile with low beta (0.66-0.81) and consistently lower upside capture (64-75%), though it outperformed the benchmark over 3Y (9.57% vs 7.84% CAGR) and 15Y (12.24% vs 9.76% CAGR). The fund's lump-sum CAGR trails the benchmark over 5Y, 7Y, and 10Y windows, indicating it shines mainly in down markets rather than sustained bull runs.
The fund exhibits strong downside protection, with downside capture of roughly 60-73% across windows and a maximum drawdown of just -0.32% over the measured period, recovering in 253 days. However, it has experienced 9 drawdown events exceeding 10%, and its low beta of 0.66-0.72 means it participates far less in market rallies. Calmar ratios between 0.35 and 0.51 suggest modest risk-adjusted returns relative to the drawdowns endured over longer horizons.
The portfolio holds 60 stocks with a well-spread top 10, led by Maruti Suzuki (5.45%), Hindustan Unilever (4.03%), and United Spirits (3.77%), with no single position above 5.5%. Sector allocation is diversified across Pharmaceuticals (11.4%), Auto Components (8.7%), Industrial Products (7.1%), Food Products (7.0%), and Automobiles (6.8%), consistent with its multinational companies theme. This breadth reduces single-stock and single-sector risk, though the MNC mandate limits exposure to domestic mid- and small-cap growth stories.
Compared to the Sectoral/Thematic category, the fund underperforms on SIP XIRR across all horizons beyond 1 year — for example, 12.19% over 3Y versus the category's 16.82%. Its calendar-year returns are inconsistent, ranging from 73.17% in 2014 to -4.82% in 2022 and -0.67% in 2025. The fund's strength lies in capital preservation during weak markets rather than category-beating returns, making it a laggard among thematic peers in strong rallies.
This fund suits conservative investors seeking exposure to high-quality multinational companies with lower volatility than the broader market, rather than aggressive thematic investors chasing high returns. A horizon of 7-10 years or more is appropriate, as the fund's outperformance versus the NIFTY 50 emerges over 12-15 year windows (alpha of 2.98% and 3.65%). Investors should have moderate risk tolerance and accept that the fund will likely underperform in strong bull markets due to its low upside capture.
- Strong downside protection with downside capture of 59-73% and a maximum drawdown of only -0.32%, making it resilient in weak markets
- Positive alpha versus NIFTY 50 over 3Y (2.10%), 12Y (2.98%), and 15Y (3.65%) windows, showing long-term benchmark outperformance
- Well-diversified 60-stock portfolio with no holding above 5.45% of NAV and balanced sector exposure
- SIP XIRR trails the category average across all horizons beyond 1 year, including 10.57% over 10Y versus the category's 16.71%
- Low upside capture (64-75%) means the fund significantly lags the market during bull phases, and lump-sum CAGR trails the NIFTY 50 over 5Y, 7Y, and 10Y
Generated on 06-09-2026, 8:02 PM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.64 L | 17.3% | -45.4% | 116.4% |
| 3 Years | ₹36.00 L | ₹42.82 L | 12.2% | -15.8% | 38.9% |
| 5 Years | ₹60.00 L | ₹77.55 L | 10.9% | -5.4% | 26.6% |
| 7 Years | ₹84.00 L | ₹1.20 Cr | 10.3% | 4.0% | 16.1% |
| 10 Years | ₹1.20 Cr | ₹2.08 Cr | 10.6% | 6.6% | 13.9% |
| 12 Years | ₹1.44 Cr | ₹2.88 Cr | 10.8% | 7.6% | 14.2% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.3% | 14.4% | 14.1% | +3.0% |
| 3 Years | 12.2% | 11.1% | 16.8% | +1.1% |
| 5 Years | 10.9% | 10.4% | 16.9% | +0.5% |
| 7 Years | 10.3% | 10.6% | 16.5% | -0.3% |
| 10 Years | 10.6% | 11.5% | 16.7% | -0.9% |
| 12 Years | 10.8% | 11.4% | 16.3% | -0.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.7% | 10.2% | -24.4% | 109.8% | 0.44 | 1.75 | 76% | — | — |
| 3 Years | 13.4% | 11.4% | -1.6% | 38.0% | 0.85 | 7.32 | 100% | — | — |
| 5 Years | 12.1% | 10.7% | 0.6% | 28.9% | 0.91 | 7.92 | 100% | — | — |
| 10 Years | 12.6% | 13.7% | 7.7% | 17.1% | 2.02 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -0.65 | 0.81 | 74.7% | 72.6% | -1.4% | -2.4% |
| 3 Years | +2.10 | 0.72 | 73.6% | 68.2% | 9.6% | 7.8% |
| 5 Years | -0.06 | 0.67 | 65.1% | 62.2% | 7.4% | 7.9% |
| 7 Years | +0.53 | 0.65 | 64.2% | 61.0% | 10.6% | 11.9% |
| 10 Years | -0.41 | 0.66 | 64.5% | 62.1% | 9.0% | 10.9% |
| 12 Years | +2.98 | 0.67 | 67.5% | 61.7% | 11.7% | 9.8% |
| 15 Years | +3.65 | 0.64 | 66.5% | 59.3% | 12.2% | 9.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Maruti Suzuki India Limited | 5.45% |
| 2 | Hindustan Unilever Limited | 4.03% |
| 3 | United Spirits Limited | 3.77% |
| 4 | Nestle India Limited | 3.55% |
| 5 | Schaeffler India Limited | 3.48% |
| 6 | Gland Pharma Limited | 3.39% |
| 7 | Cummins India Limited | 3.37% |
| 8 | Vedanta Aluminium Metal Ltd | 2.96% |
| 9 | Britannia Industries Limited | 2.91% |
| 10 | Bosch Limited | 2.62% |